Monaco's sporting director has told L'Equipe that Radamel Falcao will not have a release clause allowing him to go to Chelsea or Real Madrid when he completes his move to the principality this week.

The Atletico Madrid forward, 27, is expected to finally put pen-to-paper on Friday on a five-year contract which, according to various media sources, will contain an agreement allowing the Colombia international to leave the Stade Louis II for either Madrid or Chelsea for the same sum Monaco will pay Atletico for their star striker.

"No, there's no clause. Radamel really believes in our project. It's almost done, there are just some details to be finalised," Vadim Vasilyev, 41, told L'Equipe.

The former Azerbaijan international added the transfer fee "is less than €60 million", the widely reported amount which would trigger the release clause in Falcao's contract at the Vicente Calderon.

The French sports daily reported Falcao's annual salary would match the €14 million after tax earned by Paris Saint-Germain forward Zlatan Ibrahimovic, 31.

L'Equipe also added Eric Abidal, 33, out of contract at Barcelona, and Juventus' Claudio Marchisio, 27, are also potential targets with Monaco preparing a €25 million bid for the latter.